India's June merchandise trade deficit widens to $30.43bn
- The trade ministry estimated services exports at $33.03 billion in June and services imports at $17.92 billion
NEW DELHI: India’s merchandise trade deficit widened to $30.43 billion in June, according to a Reuters calculation based on government export and import data released on Monday.
Economists had expected trade deficit to be $26.63 billion in June, according to a Reuters poll, compared with a deficit of $28.21 billion in the previous month.
Merchandise exports fell to $40.41 billion in May from $45.2 billion in the previous month, government data showed, while imports fell to $70.84 billion against $73.41 billion in May.
India’s 2025/26 fiscal deficit at 4.4%, in line with government estimates
The data underscores pressure on India to sustain exports and contain import costs as it holds out for a better deal with the United States, with Prime Minister Narendra Modi drawing confidence from new trading partners and recent electoral gains at home.
The trade ministry estimated services exports at $33.03 billion in June and services imports at $17.92 billion, leading to an estimated services trade surplus of $XX billion.
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